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The Florida Real Estate Bust
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If you want to see the madness and the grisly aftermath of the U.S. housing boom and bust, look at Florida. It’s not alone. Vegas, Phoenix, San Diego, Detroit — they’ve all got horror-story numbers now. But the biggest home price drops in the country were in Miami last year.

Empty condos, collapsing values. The heart of the Florida meltdown — in Miami, the southwest, the Gulf Coast — could be Exhibit A for what went wrong in American real estate.

The condo vultures are out now. And there’s a story to tell.

This hour, On Point: Florida real estate, and the great American meltdown.

Guests:

Wayne Archer, executive director of the Bergstrom Center for Real Estate Studies at the University of Florida.

Peter Zalewski, founder of Condo Vultures, a real estate investment consulting firm.

Mike Larson, real estate analyst for Weiss Research.

Susan MacManus, professor of political science at University of South Florida.

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ONPOINT
TODAY
Dec 19, 2014
Alan Gross, waves as he and his wife Judy leave following his statement at his lawyer's office in Washington, Wednesday, Dec. 17, 2014. Gross was released from Cuba after 5 years in a Cuban prison. (AP)

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Soledad, and from left, Nina Pastori, and Lila Downs perform on stage at the Latin Recording Academy Person of the Year Tribute honoring Joan Manuel Serrat at the Mandalay Bay Resort and Casino on Wednesday, Nov. 19, 2014, in Las Vegas. (AP)

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This handout photo from the Twitter account of Sen. Jeff Flake, R-Ariz. shows Alan Gross arriving at Andrews Air Force Base, Md., Wednesday, Dec. 17, 2014. The US and Cuba have agreed to re-establish diplomatic relations and open economic and travel ties, marking a historic shift in U.S. policy toward the communist island after a half-century of enmity dating back to the Cold War, American officials said Wednesday. (AP)

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On Point Blog
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